GC44 GC44 AUD03 Audit Committee Recommendations for October 2024 1. What is the issue?This an annual task to meet compliance and reporting requirements.2. Why is this important?Among the duties of the Audit Committee of the General Council is to review the annual financial statements and the reports from the auditors, as well as recommending approval of the financial statements to the appropriate governance bodies.The Audit Committee met on May 27, 2024 and June 17, 2024 andreceived the report from KPMG LLP, the Church's external auditors,considered the audited financial statements prepared by management, andrecommended the financial statements for final approval by the Sub-Executive of the General Council.Since 2017, as a streamlining measure, the Church’s external auditor conducts a program audit of KAIROS to meet compliance and funder requirements, and KAIROS results are consolidated in the one statement as are other United Church programs. On the recommendation of the Audit Committee, the Sub Executive of the General Council approved the statements of the National Accounts of the United Church of Canada, which included KAIROS: Canadian Ecumenical Justice Initiatives on June 17, 2024.3. How might the General Council respond to the issueThe Audit Committee recommends that the 44th General Council:receive the report of the Audit Committee (appended);receive the 2023 audited financial statements of the National Accounts of The United Church of Canada which include KAIROS: Canadian Ecumenical Justice Initiatives (statement appended); andapprove the appointment of KPMG as the Auditors for the National Accounts of The United Church of Canada fund for the 2024 year. Resources GC44 AUD 03 Appendix – 2023 UCC Audited Financial Statement for October 19 2024.pdf Save to PDF True Document Date October 19, 2024 Document Type Proposal Originating Body Audit Committee Status For Review Latest News Moderator of the 45th General Council installed The installation service of the 45th Moderator of The United Church of Canada, the Right Rev. Dr. Kimberly Heath, took place at Knox United Church, 506 4 St. SW, Calgary, Alberta, tonight. Monday, Aug. 11: Decision session summary The final day of GC45 began with a moving service that remembered the Communion of Saints, before settling business on a number of proposals. Sunday, Aug. 10: Summary of the day After the Alvin Dixon Walk/Run raised over $25,000, participants heard from Toward 2035, Indigenous Ministry and Justice, and a message of continued support from Rev. Dr. Karen Georgia Thompson.